Seasonally adjusted monthly growth in the S&P Corelogic Case-Shiller home price indices is expected to cool off from its currently torrid pace in December, while annual growth continues to accelerate, according to Zillow’s December Case-Shiller forecast.

The December Case-Shiller national index is expected to grow 5.7 percent year-over-year and 0.8 percent from November, up slightly from 5.6 percent annual growth recorded in November and even with the prior pace of monthly appreciation. The smaller 10- and 20-city indices are expected to grow by 0.6 percent and 0.7 percent month-over-month (SA), respectively, slower than monthly growth recorded in November. On an annual basis, the 10- and 20-city indices are expected to grow by 4.8 percent and 5.5 percent in December, respectively, up from 4.5 percent and 5.3 percent in November.

Zillow’s December Case-Shiller forecast is shown in the table below. These forecasts are based on today’s November Case-Shiller data release and the December 2016 Zillow Home Value Index. The December S&P CoreLogic Case-Shiller Indices will not be officially released until Tuesday, January 31.